2023 Q2 Form 10-Q Financial Statement

#000150630723000036 Filed on April 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1
Revenue $3.501B $3.888B
YoY Change -32.03% -9.43%
Cost Of Revenue $1.656B $1.854B
YoY Change -38.28% -2.11%
Gross Profit $1.845B $2.034B
YoY Change -25.24% -15.21%
Gross Profit Margin 52.7% 52.31%
Selling, General & Admin $272.0M $276.0M
YoY Change 1.49% 3.37%
% of Gross Profit 14.74% 13.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $557.0M $565.0M
YoY Change 2.58% 5.02%
% of Gross Profit 30.19% 27.78%
Operating Expenses $828.0M $840.0M
YoY Change 2.22% 5.0%
Operating Profit $1.017B $1.194B
YoY Change 1.09% 16.6%
Interest Expense -$235.0M -$280.0M
YoY Change -33.8% -15.92%
% of Operating Profit -23.11% -23.45%
Other Income/Expense, Net -$17.00M -$15.00M
YoY Change -89.94% -89.73%
Pretax Income $778.0M $899.0M
YoY Change -7.05% 2.39%
Income Tax $168.0M $196.0M
% Of Pretax Income 21.59% 21.8%
Net Earnings $582.0M $679.0M
YoY Change -8.35% 1.8%
Net Earnings / Revenue 16.62% 17.46%
Basic Earnings Per Share $0.26 $0.30
Diluted Earnings Per Share $0.26 $0.30
COMMON SHARES
Basic Shares Outstanding 2.241B shares 2.248B shares
Diluted Shares Outstanding 2.237B shares 2.247B shares

Balance Sheet

Concept 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $497.0M $416.0M
YoY Change 397.0% 395.24%
Cash & Equivalents $497.0M $416.0M
Short-Term Investments
Other Short-Term Assets $368.0M $2.280B
YoY Change 23.91% 697.2%
Inventory $569.0M $589.0M
Prepaid Expenses
Receivables $1.284B $1.321B
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.718B $2.696B
YoY Change -24.67% -11.11%
LONG-TERM ASSETS
Property, Plant & Equipment $35.76B $35.64B
YoY Change 0.64% 0.23%
Goodwill $19.97B $19.97B
YoY Change 0.26% 0.26%
Intangibles $1.696B $1.743B
YoY Change 8.93% 7.73%
Long-Term Investments $7.665B $7.616B
YoY Change 2.61% 0.94%
Other Assets $1.270B $3.015B
YoY Change -3.13% 106.51%
Total Long-Term Assets $66.36B $66.24B
YoY Change 0.87% 0.2%
TOTAL ASSETS
Total Short-Term Assets $2.718B $2.696B
Total Long-Term Assets $66.36B $66.24B
Total Assets $69.07B $68.93B
YoY Change -0.46% -0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.142B $1.087B
YoY Change -32.47% -9.72%
Accrued Expenses $511.0M $351.0M
YoY Change 15.61% 16.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.760B $2.160B
YoY Change -7.07% -35.02%
Total Short-Term Liabilities $5.603B $4.775B
YoY Change -18.7% -25.97%
LONG-TERM LIABILITIES
Long-Term Debt $28.63B $29.35B
YoY Change 0.28% 2.04%
Other Long-Term Liabilities $1.919B $2.696B
YoY Change -9.69% 21.5%
Total Long-Term Liabilities $30.55B $32.04B
YoY Change -1.04% 3.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.603B $4.775B
Total Long-Term Liabilities $30.55B $32.04B
Total Liabilities $38.50B $38.17B
YoY Change 1.96% 1.99%
SHAREHOLDERS EQUITY
Retained Earnings -$10.55B -$10.50B
YoY Change 0.09% -0.43%
Common Stock $22.00M $22.00M
YoY Change -4.35% -4.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.57B $30.76B
YoY Change
Total Liabilities & Shareholders Equity $69.07B $68.93B
YoY Change -0.46% -0.3%

Cashflow Statement

Concept 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income $582.0M $679.0M
YoY Change -8.35% 1.8%
Depreciation, Depletion And Amortization $557.0M $565.0M
YoY Change 2.58% 5.02%
Cash From Operating Activities $1.550B $1.333B
YoY Change -0.9% 22.97%
INVESTING ACTIVITIES
Capital Expenditures $549.0M $507.0M
YoY Change -247.58% 24.57%
Acquisitions
YoY Change
Other Investing Activities -$29.00M $17.00M
YoY Change -140.85% 466.67%
Cash From Investing Activities -$578.0M -$508.0M
YoY Change 92.03% 36.93%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -890.0M -$1.181B
YoY Change -25.46% -21.89%
NET CHANGE
Cash From Operating Activities 1.550B $1.333B
Cash From Investing Activities -578.0M -$508.0M
Cash From Financing Activities -890.0M -$1.181B
Net Change In Cash 82.00M -$356.0M
YoY Change 18.84% -55.44%
FREE CASH FLOW
Cash From Operating Activities $1.550B $1.333B
Capital Expenditures $549.0M $507.0M
Free Cash Flow $1.001B $826.0M
YoY Change -48.3% 22.01%

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